Deutsche Bank, the major creditor of Trump – Jornal de Negócios – Portugal

Many of the paths of the Deutsche Bank appear to go to the White House. If, on the one hand, some of the appointed by the president-elect may have a key role in investigations at the German bank, on the other, the Deutsche Bank is one of the major creditors of the companies of Donald Trump. According to Bloomberg, the terms of the loans granted by Deutsche Bank to the organizations Trump were smoothed, in the past, thanks to personal guarantees given by the entrepreneur.

But now, to reduce conflicts of interest, these loans, valued at $ 300 million, are to be restructured to drop the personal guarantees given by the president-elect. This at a time that Deutsche Bank faces a fine of up to $ 14 billion from us authorities due to the marketing of products 'subprime' between 2005 and 2007. The threat of the heavy hand of american justice has already raised these concerns about the bank’s capital, leading to the fall of the shares.

“When you have political appointees who take major decisions about banks that the president should enough money, this is terrible”, said to Bloomberg Richard Painter, a Law professor at the University of Minnesota.